Nisa Investment Advisors LLC Raises Holdings in The Goldman Sachs Group, Inc. $GS

Nisa Investment Advisors LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,276 shares of the investment management company’s stock after buying an additional 3,008 shares during the period. Nisa Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $80,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of GS. Brighton Jones LLC raised its position in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Sivia Capital Partners LLC grew its stake in The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after purchasing an additional 735 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in The Goldman Sachs Group by 9.3% in the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after purchasing an additional 70 shares during the last quarter. Finally, Smith Moore & CO. raised its holdings in The Goldman Sachs Group by 15.0% in the second quarter. Smith Moore & CO. now owns 835 shares of the investment management company’s stock worth $591,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America increased their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Jefferies Financial Group boosted their price objective on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. HSBC raised their target price on shares of The Goldman Sachs Group from $742.00 to $802.00 in a research note on Friday, February 6th. Finally, Autonomous Res cut their price target on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $919.29.

Check Out Our Latest Stock Analysis on GS

The Goldman Sachs Group Price Performance

NYSE GS opened at $844.98 on Wednesday. The company has a market cap of $249.26 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 0.97 and a beta of 1.34. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The stock’s fifty day moving average price is $879.64 and its 200 day moving average price is $849.89. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The firm’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.95 EPS. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 2nd were issued a $4.50 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date was Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio is currently 35.09%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the completion of the transaction, the director directly owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. This trade represents a 7.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the sale, the chief financial officer owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. The trade was a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 117,283 shares of company stock worth $112,016,033 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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